If approved by the voters of the state at the November 2020
general election, the concurrent resolution will amend the stateconstitution to require the general assembly to enact a law that will:
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Effective July 1, 2021, repeal existing state excise taxes ongasoline and other liquid motor fuel, including diesel,compressed natural gas, liquefied natural gas, and liquefiedpetroleum gas (motor fuel taxes); except that the law shallnot repeal the existing state excise tax on aviation fuel usedfor aviation purposes;
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On and after July 1, 2021, levy an additional state sales anduse tax (additional sales tax) at a rate calculated to generatethe amount of net revenue needed to offset 99% of the staterevenue loss resulting from the repeal of the motor fueltaxes for state fiscal year 2021-22; and
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Require the net revenue generated by the additional salestax to be credited to the highway users tax fund (HUTF),initially allocated to the state, counties, and municipalitiesin a manner that preserves existing HUTF allocations asnearly as possible, and used exclusively for theconstruction, maintenance, and supervision of the surfacetransportation system of the state.
The concurrent resolution specifies that for purposes of the
Taxpayer's Bill of Rights, its approval by the voters of the stateconstitutes voter approval in advance for the state to levy the additionalsales tax and to retain and spend all revenue generated by the additionalstate sales and use tax during a state fiscal year that exceeds the amountof revenue generated during the 2020-21 state fiscal year by the repealedgasoline and special fuel taxes as a voter-approved revenue change.